Expansion Plans to Latin America and Asia-Pacific
Leading cryptocurrency firm Circle has joined hands with the renowned institutional trading platform, Legend Trading, revealing an ambitious strategy to amplify their stablecoin services in the Latin American and Asia-Pacific territories.
Targeting the Institutional Landscape
In an interview with Decrypt, the companies articulated their aspiration to magnify the presence of USDC, aiming to cater to the institutional entities and sizable clients that Legend Trading currently liaises with in these burgeoning markets.
Legend Trading’s Impressive Portfolio
Legend Trading boasts of a remarkable clientele of over 800 institutions and manages transactions worth a staggering $1 billion every month. Additionally, their operations span across more than 150 nations, as stated on their official website.
The joint communication underlined the benefits of trading via Legend’s platform, emphasizing the depth of liquidity and superior settlement efficiency it offers. This combination forms an enticing proposition for institutions to get onboard with USDC.
Meeting the Stablecoin Demand in APAC and LATAM
The strategic partnership is expected to cater to the rising institutional curiosity for stablecoins, especially in territories that have historically displayed an appetite for digital currencies. Legend Trading’s CEO, Hao Chen, remarked on the booming crypto trends in both APAC and LATAM. He expressed enthusiasm about propelling USDC’s footprint in these dynamic arenas.
Kash Razzaghi, Circle’s Chief Business Officer, resonated with Chen’s insights, pointing out the surge in stablecoin demand in these markets. Razzaghi accentuated the potential of this alliance with Legend Trading, highlighting the objective of enhancing liquidity and paving the way for digital dollar accessibility in these pivotal regions. Furthermore, he indicated that Circle is poised to offer a consistent settlement infrastructure for the larger players in these regions.
Circle’s Ambitious Global Endeavors
This latest development marks yet another milestone in Circle’s ongoing saga of global announcements, exemplifying their fervent endeavors in international expansion.
